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Received a cheque of Rs 10000 from Tahir after banking hours.

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Question added by mubashir ali
Date Posted: 2016/02/24
Hassan Sabri
by Hassan Sabri , Management Accountant , ITE Eurasian Exhibitions FZ LLC

Just receiving a cheque within or after banking hours does not require any accounting entry. You may enter the cheque along with it's detail in cheque register but the entry in books of account will only be when the amount of cheque appears in bank statement.

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